Hyundai Motor India on Thursday announced its long-term investment plans in Tamil Nadu. The company said it would make further inroads into electric vehicles by investing Rs 20,000 crore in a phased manner — over the period of 10 years. An MoU was exchanged between Unsoo Kim, MD and CEO, of Hyundai Motor India and […]
Aditya Birla Capital has posted a 35.5 per cent jump in its net profit of Rs 609 crore for the March quarter. It had Rs 450-crore net profit during the year-ago period. According to a statement from the company, total revenue from operations rose by 21.2 per cent to Rs 8,025 crore for the March […]
GoFirst plans to resume flights by 23 May with 23 aircraft and a scaled-back operation. The airline was using 27 aircraft as of 2 May. The airline and the Centre have also talked about when flights will return. Up until 15 May, Go First had formally stopped selling tickets. The airline was given a show-cause […]
ASUS India, a Taiwanese technology giant, today announced the appointment of Eric Ou as Country Head, President and Director, of Systems Group, ASUS India. With 23 years of rich experience in ASUS across different territories and functions, Eric Ou has been pivotal in building the brand share to the market dominator position in the respective […]
PUMA has announced the appointment of Karthik Balagopalan as the new Managing Director of PUMA India and he is set to lead PUMA’s operations in the country. Balagopalan has been with PUMA since 2006, he has held various management positions within the company, including Retail operations and Business Development at PUMA India. In his new […]
The government has exempted customs duty and agricultural infrastructure and development cess levied on crude soyabean oil and crude sunflower seed oil, subject to the conditions of tariff rate quota authorisation (TRQ). The nil customs rate will be applicable from May 11 till June 30. The notification from the finance ministry released on Wednesday said […]
In yet another sign of the valuation markdown plaguing the Indian startup sector, US-based investment management business Vanguard Group has reduced the value of ANI Technologies, the parent company of ride-hailing mobility startup Ola, by over 35 per cent to USD 4.8 billion from USD 7.4 billion. As per reports, 166,185 shares of ANI Technologies, […]
JSW Infrastructure, the ports business of the JSW Group has filed the Draft Red Herring Prospectus (DRHP) for its initial public offering with market regulator SEBI. The IPO was filed on Monday, ANI has learnt. DRHP is a document that consists of the company’s financial details, future prospects, and other key aspects regarding the business […]
Over 25 million wearable units were shipped in India in January-March 2023 quarter, registering a strong 80.9 per cent year-on-year growth, according to the International Data Corporation’s (IDC) India Monthly Wearable Device Tracker. However, data showed shipments remained flat quarter-on-quarter following a strong October-December 2022 quarter. Smartwatch (inclusive of basic and advanced) continues to be […]
Pharma giant Dr Reddy’s Laboratories has posted a ninefold jump in its profit after tax to Rs 959 crore for the quarter that ended March 31, 2023, driven by its performance in US generics. The company had Rs 87-crore net profit in the year-ago period. The pharma’s revenue went up 16 per cent to Rs […]
